PPDAI Group (NYSE:FINV) Posts Quarterly Earnings Results

PPDAI Group (NYSE:FINV) posted its quarterly earnings results on Wednesday. The company reported $0.34 earnings per share for the quarter, Zacks reports. PPDAI Group had a net margin of 20.28% and a return on equity of 18.88%. PPDAI Group updated its FY 2025 guidance to EPS.

PPDAI Group Price Performance

Shares of FINV traded down $0.49 during trading hours on Wednesday, reaching $5.48. 2,935,069 shares of the company traded hands, compared to its average volume of 1,408,216. The stock has a market capitalization of $1.39 billion, a PE ratio of 3.71 and a beta of 0.37. The stock has a fifty day simple moving average of $6.82 and a 200 day simple moving average of $8.22. PPDAI Group has a fifty-two week low of $5.46 and a fifty-two week high of $11.08. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of PPDAI Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings downgraded PPDAI Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, PPDAI Group has an average rating of “Moderate Buy” and a consensus target price of $11.55.

Institutional Investors Weigh In On PPDAI Group

Several hedge funds have recently modified their holdings of FINV. Royal Bank of Canada boosted its position in PPDAI Group by 114.5% during the first quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after acquiring an additional 31,641 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in PPDAI Group by 2.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company’s stock worth $4,584,000 after purchasing an additional 12,000 shares during the period. Finally, Millennium Management LLC raised its stake in PPDAI Group by 573.9% during the first quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock worth $10,116,000 after purchasing an additional 894,566 shares during the period. 31.15% of the stock is owned by institutional investors and hedge funds.

About PPDAI Group

FinVolution Group operates in the online consumer finance industry. The company operates a fintech platform that is empowered by borrowers with financial institutions. It operates in China and internationally. The company was formerly known as PPDAI Group Inc and changed its name to FinVolution Group in November 2019.